European shares rose on Wednesday, bolstered by hopes for more stimulus from the European Central Bank. CCLA Chief Investment Officer James Bevan says red tape needs to be removed in Europe to get companies to invest and encourage consumer confidence.

SHOWS: LONDON, ENGLAND, UK (NOVEMBER 26, 2014) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'WE KNOW HOW CHINA WILL OBVIOUSLY BENEFIT FROM THEIR RECENT RATE CUT, BUT HOW WILL OTHER ECONOMIES BENEFIT, IF AT ALL?

2. CCLA, CHIEF INVESTMENT OFFICER, JAMES BEVAN, SAYING:

'It is very hard to read. If one were to consider what China did it came as a big surprise to us. We felt that they would want to see more evidence as to what was happening to their economy before beginning to ease money rates. There are a series of levers that they as the central bank and indeed the commercial banks can pull. But at the moment commercial banks don't really want to lend. They certainly don't want to have to cut deposit rates and therefore I suspect that the benefits for China's economy and the broader world are going to be quite limited.'

3. SLATE, READING (English): 'THE U.S. ECONOMY GREW BETTER THAN EXPECTED IN THE THIRD QUARTER. DO YOU SEE THE MOMENTUM CONTINUE AS FAR AS THE RECOVERY GOES? ANY HEADWINDS EXPECTED?'

4. CCLA, CHIEF INVESTMENT OFFICER, JAMES BEVAN, SAYING:

'I would expect that the U.S. economy will expand by about 3 percentage points in 2015 so a considerable step up from the progress we saw in 2014. That said there are some clear headwinds in site. There is a real risk that if wages accelerate the Federal Reserve will move early to raise money rates. That could act as a significant dampener on both sentiment and economic activity levels.'

5. SLATE, READING (English): 'U.S. EQUITIES HAVE OUTPERFORMED WORLD EQUITIES IN 2014. DO YOU SEE THAT CONTINUE NEXT YEAR?'

6. CCLA, CHIEF INVESTMENT OFFICER, JAMES BEVAN, SAYING:

'Do you know I worry about the outlook for U.S. equities, I anticipate that the S&P 500 Index could rise to 2200 points by the middle of next year but then slip back perhaps finishing the year at no higher than 2100 points. My issues are that we have 2 headwinds for the U.S. equity market likely in 2015. The first is the raising of money rates by the Federal Reserve and the second is the concern that U.S. corporate may see margins beginning to peak and as soon as companies report that their margins are beginning to contract we would expect the equity market to become quite nervous.'

5. SLATE, READING (English): 'GERMANY HAS AVOIDED SLIPPING INTO RECESSION, BUT ONLY BY A HAIR. ARE WE LIKELY TO SEE THE ECB ACT SOONER THAN EXPECTED?'

6. CCLA, CHIEF INVESTMENT OFFICER, JAMES BEVAN, SAYING:

'I think the European Central Bank is very keen to adopt quantitative easing and I would not be at all surprised if we did not get material news next week. That said, easing by the ECB can only be part of a package of measures required to stimulate the euro zone economy. We have to have more government spending, we have to have a return to the 2010 let's spend now and worry later. On top of that we have to see structural reform. There needs to be a real move to reduce red tape, to get companies to invest, to encourage consumers to be more confident.'